Cruciate Ligament Repair Procedures Market Size to Grow by USD 4.85 billion, Growing Incidence of Road Accidents to Boost Market Growth – Technavio – QNT Press Release


NEW YORK, Aug. 3, 2022 /PRNewswire/ — The “Cruciate Ligament Repair Procedures Market by Type (Anterior cruciate ligament repair and Posterior cruciate ligament repair) and Geography (North America, Europe, Asiaand Rest of World (ROW)) – Forecast and Analysis 2022-2026″ report has been added to Technavio’s offering. The potential growth difference for the cruciate ligament repair procedures market size between 2021 and 2026 is USD 4.85bn. To get the CAGR and the YOY growth rate, Request a Sample Report.

Key Market Dynamics:
  • Market Driver: The growing incidence of road accidents is driving the growth of the market. The number of road accidents is rising globally. Common knee injuries caused due to car accidents include cartilage injuries involving meniscus tear; injuries or tears of the posterior cruciate ligament, medial collateral ligament , and anterior cruciate ligament; and knee cap injuries that involve dislocated patella and patella fracture. Thus, the rising road accidents are driving the demand for cruciate ligament repair procedures to cope with knee injuries. This will contribute to the growth of the global cruciate ligament repair procedures market.
  • Market Challenge: The shortage of skilled orthopedic surgeons will challenge the growth of the market. In many developing countries, there is a significant shortage of orthopedic surgeons. Orthopedic surgeons are often reluctant to set up their practice in smaller cities. This is because the patient population is insufficient to justify the high investments. Moreover, many medical students are hesitant to choose orthopedics as a specialty due to the decline in reimbursement options for several major orthopedic procedures. In addition, a large number of orthopedic surgeons are nearing retirement. These factors will reduce the number of skilled orthopedic surgeons, which will hamper the growth of the global cruciate ligament repair procedures market.

Technavio provides key drivers, trends, and challenges that will impact the growth of the market. View our Sample Report

Market Segmentation

The anterior cruciate ligament repair segment will contribute the highest market share growth during the forecast period. Smith and Nephew Plc, Zimmer Biomet Holdings Inc., Conmed Corp., and Stryker Corp. are some of the key players operating in this segment. The increasing prevalence of orthopedic disorders, launches and approvals of new products, and collaborations and mergers and acquisitions among key vendors are some of the major trends in this segment.

North America will be the leading region with 39% of the market’s growth during the forecast period. The US is a key country for the cruciate ligament repair procedures market in North America. The growth of the market in the region is attributed to factors such as improved healthcare infrastructure, the growing adoption of cruciate ligament repair procedures, the increasing number of cruciate ligament repair procedures, and the high prevalence of knee diseases and related risk factors. However, market growth in this region will be slower than the growth of the market in other regions.

Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a Sample Report

Some Companies Mentioned
  • Arthrex Inc.
  • Bauerfeind USA Inc.
  • Coastal Chiropractic
  • Conmed Corp.
  • DJO Global Inc.
  • Exactech Inc.
  • Integra Lifesciences Holdings Corp.
  • Johnson and Johnson
  • Mathys AG Bettlach
  • Miach Orthopaedics Inc.
  • MicroPort Scientific Corp.
  • Olympus Corp.
  • Ossur hf.
  • Ottobock SE and Co. KGaA
  • Smith and Nephew plc
  • Stryker Corp.
  • Tissue Regenix Group Plc
  • United Orthopedic Corp.
  • Xiros Ltd.
  • Zimmer Biomet Holdings Inc.

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Cruciate Ligament Repair Procedures Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 8.81%

Market growth 2022-2026

USD 4.85 billion

Market structure

Fragmented

Full story available on Benzinga.com



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